Eni reaches two bcfd production target in Zohr field

Created: Monday, 10 September 2018 09:10

After a record start-up in less than two and a half years from discovery, production is continuing to ramp up, reaching plateau in 2019. (Image source: Ken Hodge/Flickr)Eni has announced that Zohr field is now producing two bcfd, equivalent to approximately 365,000 boed

This result has been achieved only a few months after the first gas in December 2017 and one year before the schedule of the Plan of Development (PoD).

This level of production was achieved mainly due to the start-up of the fifth production unit (T4), backed by the eight gas producers and a new 30 inch x 218 km sealine, commissioned last month and confirms the programme pursued by Eni, Egyptian Natural Gas Holding Company (EGAS) and their joint venture company Petrobel aimed to reach a plateau in excess of 2.7 bcfd in 2019.

The latest achievement reinforces the exceptional development path of the Zohr project, one of Eni’s seven record-breaking projects, which is playing a fundamental role in supporting Egypt’s independence from LNG imports.

The Zohr field, the largest gas discovery ever made in Egypt and in the Mediterranean Sea with more than 30 tcf of gas in place, is located within the offshore Shorouk Block (some 190 km north of Port Said). In the Shorouk Block, Eni holds a 50 per cent stake, Rosneft 30 per cent, BP 10 per cent and Mubadala Petroleum 10 per cent of the Contractor’s Share (where Eni, Rosneft, BP and Mubadala Petroleum are collectivity the Contractor).

The project is executed by Petrobel, the operating company jointly held by Eni and the state corporation Egyptian General Petroleum Corporation (EGPC), on behalf of Petroshorouk, jointly held by Contractor (Eni and its partners) and the state company Egyptian Natural Gas holding Company (EGAS).

Eni has been present in Egypt since 1954, where it operates through its subsidiary IEOC. The company is the Country's leading producer with equity of about 340,000 boepd.